Channahon Police Chief Joe Pena proposed three options to the Village Board earlier this week to increase revenue through tax hikes.
Acting in his secondary role as interim village manager, Pena outlined options for boosting Channahon's revenue including a telecommunications tax, utility gas tax and utility electric tax.
Village Board members did not make any decisions Monday about the proposed taxes, and will discuss them further at their next meeting at 6 p.m. Sept. 5. The Committee of the Whole will meet first, followed by the normal board meeting.
Cost per capita: $32 per year
Revenue to the village: $400,000 in new revenue
Other information: The telecommunication tax would have to be submitted to the Department of Revenue by September to be allowed. Revenue would not be seen by the village until January at the earliest. If board members approve the telecommunications tax next month, Pena said they could rescind it in the event that revenue improves by January.
Utility Gas Tax
Cost per capita: About $35 per year (5 percent)
Revenue to the village: $437,000 per year
Other information: None
Utility Electric Tax
Cost per capita: About $23 per year
Revenue to the village: $280,000
Other information: Channahon Village Board members discussed offsetting cost to taxpayers by implementing an aggregate program that gives a fixed cost of electricity to residents who chose to receive service through a ComEd subsidiary.